- Ethereum validators to potentially receive more rewards at the upcoming ETH PoS update.
- Ethereum co-founder Vitalik Buterin proposed the higher rewards for its validators.
Vitalik Buterin, Ethereum co-founder is proposing a raising the staking reward for the upcoming proof-of-stake (PoS) algorithm implementation, which is going to be on the Ethereum blockchain on GitHub.
In terms of the details; 2,097,152 ETH per year would be issued when 134,217,728 ether is staked and validating transactions, which will result in an annual return for the stakers of 1.56%. It is worth noting that the current circulating supply is seen at 105,764,762 ETH, essentially meaning that this amount of stacked ETH is a theoretical maximum somewhat of sorts.
A closely followed Ethereum researcher, Justin Drake estimated that after the completion of the PoS and sharding have been integrated “” with 32 million ETH staked “” all validators of the process will receive a base return of around 3.2%. This number is equivalent to about 1% of the total supply.
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